The involvement of numerous local and players in the global atomic layer deposition equipment market is likely to make the competition intense in the coming years, says Transparency Market Research (TMR) in a research report. Competition among the leading players in expected to further intensify as they strive to retain a strong hold in the market. Competitive rivalry in terms of technology and product is expected to grow with new upgrades and innovative products being introduced in the market. The primary factor fuelling the degree of competition in the market is the incessant research and development activities for introducing new and innovative technologies. Moreover, factors such as cost effectiveness along with technological advancement of any single player is expected to it towards a competitive edge over other companies. Thus, the degree of competition in this period is likely to stay high over the forecast period. The key players in the global atomic layer deposition equipment market are Aixtron SE, ASM International N.V., Tokyo Electron Ltd., and Ultratech Inc.
According to a TMR analyst, “The global atomic layer deposition equipment market is expected to rise at an outstanding CAGR of 29.4% between 2016 and 2024. The market was worth US$875.0 mn in 2015 and is likely to touch a valuation of US$8,585.4 mn by the end of 2024.”